Investors' Soapbox PM

Two Chip Picks With Superior Leverage

Analog Devices and Texas Instruments will gain from communications strength.

March 15, 2014

JPMorgan

We believe the strength in the communications end-market will benefit large-cap analog names such as Analog Devices, Texas Instruments, Linear Technology and Maxim Integrated Products, which have 16%-22% exposure to the end-market.

We believe the recovery in Europe will benefit Analog Devices (ticker: ADI) as it has roughly two times the exposure there versus its peers at 32% of sales. We also believe the 50%...